Welcome back to the weekly Dividend Dollars portfolio review! Dividend Dollars, our investing approach is a dividend growth strategy with aspects of value investing and fundamental analysis as well. I am a young investor in my 20’s and by sticking to this strategy over the long term, the magical powers of compounding are on my side. This allows me to more easily build substantial positions in dividend paying stocks over time, which will one day help me reach the ultimate goal of being financially free through the sources of passive income they provide. You can read more about the strategy here. Let’s dive into the portfolio review!
To date, I have invested $9,870 into the account, the total value of all positions plus any cash on hand is $9,713.92. That’s a total loss of 1.58% (up from 6.5% just last week). The account is up $347.25 for the week which is a 3.71% gain. We made back last week’s loss and some! As we discussed in the market recap for this week (read that here), the rebound this week was widespread.
We started building this portfolio on 9/24/2021 and, even with this rough last week, when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is down -12.20% whereas our portfolio is down -1.58%! I love tracking my portfolio against a benchmark like the S&P. The above chart comes from Sharesight which makes portfolio and dividend management a breeze!
We added $120 in cash to the account this week. The trades made this week will be broken out below
Above is a dashboard of the portfolio that tracks annual dividend income, yield, beta, dividend growth, and more.
Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week and the blue ones are positions that I reinvested dividends into. The positions that we added to increased our annual dividend income by $4 at a yield of 4.34%.
This week we received $11.80 from 3 dividends. $3.18 from ETRACS 2xMonthly Pay Leveraged US Small Cap ETN ($SMHB), $5.68 from Lockheed Martin ($LMT), and $2.94 from Bank of America ($BAC).
In my portfolio, all positions have dividend reinvestment enabled. I don’t hold onto the dividend, I don’t try to time the reinvestment, I just let my broker do it automatically. The $BAC and $LMT dividends will be reinvested at market open.
Dividends received for 2022: $163.54
Portfolio’s Lifetime Dividends: $186.47
Below is a breakdown of my trades this week!
- June 21st
- 3M ($MMM) – 0.2 shares bought at $129.85
- Comcast ($CMCSA) – 0.3 shares bought at 38.77
- June 22nd
- Altria ($MO) – added 1 share at $41.72
- SCHD – added 0.140768 shares at $71.04 (recurring investment)
- XYLD – added 0.235532 shares at $42.46 (recurring investment)
- ETRACS 2xMonthly Pay Levered US Small Cap ($SMHB) – dividend reinvested
This was a slow week for buys. With everything being down for so long, we finally had a week with not much downside, so I decided not to deploy all of my weekly cash. Altria had news with week the Juul ban and the FDA’s new nicotine limits on cigarettes that made the stock drop almost 10% at the most and was a great opportunity to buy. Altria ended the week being only down 4.50%.
Next week I plan on keeping my eyes on $MO for more buying opportunities. I’ll also be watching Realty Income ($O) for any good chances to buy down next week before the ex-date. With the Fed’s stress test and financials lacking performance (discussed in the economic recap here) I think our financial stocks might see some love next week. I’ll be looking to add to our $BAC, $ALLY, and $AFL positions if that lagging continues.
That is it for the update this week. Let’s kill it next week. Stay patient and be ready to buy income producing assets at a discount!
Read the last market review to educate yourself on the prior week to help build proper expectations for the week to come! This can help you make better buying decisions.
Let me know what you think of the progress so far, share with me your progress and questions, interact with me on twitter and Instagram using the links below!
Thank you for reading! See you next week and stay safe!